Erin Ventures Announces Update to its Proposed Issue of Units in Satisfaction of Certain Outstanding Convertible Debentures
NATDOCS\45759874\V-2
ERIN VENTURES INC.
NEWS RELEASE
Erin Ventures Announces Update to its Proposed Issue of Units in Satisfaction of Certain
Outstanding Convertible Debentures
April 13, 2020
Erin Ventures Inc. ("Erin" or the “Company”) [TSXV: EV] is pleased to announce that an additional holder of an
outstanding amended and restated 12% interest bearing convertib le debenture (“ Debenture”) representing a
principal amount of $50,000 has agreed to the terms of the Company’s debt settlement agreement and the Company
intends to include such Debenture holder in today’s proposed is suance announced on April 9, 2020, to issue units
of the Company (“Units”) at a price of $0.035 per Unit, to holders of certain Debentures. Subject to approval of the
TSX Venture Exchange (“ TSXV”), including the additional Debenture holder, Erin intends to issue an aggregate
of 8,700,901 Units representing the aggregate principal amount equal to $295,000 a nd the amount of accrued
interest as of the intended closing today equal to $12,996.17 i n full and final satisfaction of the Company’s
obligations under such Debentures.
Each Unit is analogous to the Units issued under the recently a nnounced private placement, comprised of one (1)
common share in the capital of the Company (a “ Share”) and one (1) common share purchase warrant (each, a
“Warrant”). Each Warrant will have a three (3) year term (the “ Exercise Period”) and will be exercisable into
one (1) Share at a price of $0.075 in the first year and $0.10 thereafter per Share over the Exercise Period.
The Units will be subject to a four-month hold period and the E xchange Hold Period as defined in the TSXV
Corporate Finance Manual.
On behalf of the Board of Directors,
Blake Fallis, General Manager
About Erin Ventures
Erin Ventures Inc. is an international mineral exploration and development company with boron assets in Serbia
and gold assets in North America. Headquartered in Victoria, B. C., Canada, Erin's shares are traded on the TSX
Venture Exchange under the symbol "EV". For detailed informatio n please see Erin's website at
www.erinventures.com or the Company's filed documents at www.sedar.com.
For further information, please contact: E r i n ’ s P u b l i c Q u o t a t i o n s :
Erin Ventures Inc. Canada
Blake Fallis, General Manager T S X V e n t u r e : E V
Phone: 1-250- 384-1999 or 1-888-289-3746 USA
www.erinventures.com S E C 1 2 G 3 - 2 ( B ) #82-4432
645 Fort Street, Suite 203 O T CBB: ERVFF
V i c t o r i a B C V 8 W 1 G 2 Europe
C a n a d a B e r l i n S t o c k E x c h a n g e : E K V
NATDOCS\45759874\V-2
Neither the TSX Venture Exchange nor its Regulation Services Pr ovider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements:
This release contains forward looking statements. The words " believe," "expect," “feel,” "plan," "anticipate,"
“project,” “could,” “should” and other similar expressions gene rally identify forward-looking statements. Readers
are cautioned not to place undue reliance on these forward-looking statements. These forward-looking statements
are subject to a number of risks and uncertainties including, w ithout limitation, variations in estimated costs, the
failure to discover or recover economic grades of minerals, and the inability to raise the funds necessary, changes
in external market factors including commodity prices, and other risks and uncertainties. Actual results could differ
materially from the results referred to in the forward-looking statements.